Phillips has a big Richter photo painting for the November sales, it came out today. Katya Kazakina says it is being sold by Microsoft founder Paul Allen:

Painted in 1963, “Dusenjager” depicts a gray jet traveling through a pink sky at what looks like a piercing speed. Estimated by Phillips at $25 million to $35 million, the work is part of a group of Richter’s eight early photo-based paintings that depict World War II-era aircraft, some with bombs in free-fall.

“Dusenjager” has the highest estimate among at least 18 of the artist’s works that are slated for sale during bellwether semiannual auctions in New York. The estimate for the combined group — which consists mostly of abstract paintings — is $114.3 million to $165.2 million. Sotheby’s accounts for 10 Richter works, all from the collection of Steven and Ann Ames, with two estimated at $20 million to $30 million. Christie’s has four works including one consigned by musician Eric Clapton, estimated at about $20 million. Phillips has a client who placed an irrevocable bid, guaranteeing that the 6.6-foot-wide artwork sells at auction,
the company said.

“This is a defining early Richter,” said Jean-Paul Engelen, worldwide co-head of 20th century and contemporary art at Phillips. “The painting has this extreme power that’s seductive but on the other hand is also threatening.”

Paul Allen Said to Be Seller of $35 Million Richter Jet Painting (Bloomberg)